Okomu Oil declares N8 dividend to shareholders in FY 2021

Okomu Oil Palm Company Plc has declared a dividend of N8 to its shareholders for the year ended 31 December 2021.

The audited report of the company shows year on year growth in the company’s topline and bottom line figures.

A turnover of N37.395 billion was reported for the 12 months period, up by 59.73% from N23.411 billion reported the previous year.

Profit after tax grew by 292.15% to N11.539 billion from N2.942 billion reported the previous year.

Earnings per share of Okomu increased by 292.15% to N12.10 from the EPS of N3.08 reported the previous year.

At the share price of N142, the P/E ratio of Okomu Oil stands at 11.74x with earnings yield of 8.52%.

Source:Okomu Oil declares N8 dividend to shareholders in FY 2021 – StocksWatch (stocksng.com)

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